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Blackstone buys Jersey Mike's sandwich chain
Fox Business· 2024-11-19 19:44
Acquisition Overview - Blackstone announced its acquisition of Jersey Mike's Subs, with the deal expected to close early next year [1][2] - The deal values Jersey Mike's at approximately $8 billion, including debt [3] Strategic Intent - The partnership aims to accelerate Jersey Mike's expansion in the U.S. and beyond, as well as enhance its technology and digital transformation efforts [4] - Blackstone's private equity strategy for individual investors will also be involved in the acquisition [4] Leadership and Growth Potential - Jersey Mike's CEO Peter Cancro will continue to lead the company and maintain a significant equity stake [5][6] - The company has over 2,800 locations, with nearly 300 more planned [7] Market Position and Performance - The average unit volume for traditional Jersey Mike's locations is reported at $1.3 million [11] - Blackstone has a history of investing in high-growth franchise businesses, indicating confidence in Jersey Mike's growth trajectory [8] Competitive Landscape - The acquisition comes amid other significant moves in the sandwich chain sector, including Subway's sale to Roark Capital [10]
Blackstone buys Jersey Mike's valuing sandwich chain at $8bn
Proactiveinvestors NA· 2024-11-19 19:04
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Blackstone Secured Lending: A Growth BDC That Makes For A Good Long-Term Investment
Seeking Alpha· 2024-11-19 12:42
When talking about Business Development Companies, Main Street Capital ( MAIN ) is often looked at as the premier BDC in the sector. And for good reason. It also helps they are internally-managed making them more likely to be alignedContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to ...
Blackstone Secured Lending: A Best-Of-Breed BDC With A 10% Yield
Seeking Alpha· 2024-11-15 02:46
A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXSL either through stock ownership, options, or other derivatives. I wrote this ...
3 High Yield October Dividend Payers: Blackstone, Ready Capital And Medical Property Trust
Seeking Alpha· 2024-11-14 04:32
My portfolio named Rose’s Income Garden “RIG” has 84 investments from all 11 investing sectors thus making it extremely diversified and able to withstand the ups and downs of its many holdings.Macro Trading Factory is a macro-driven service, run by a team of experienced investment managers.The service offers two portfolios: “Funds Macro Portfolio” & “Rose's Income Garden”; both aim to outperform the SPY on a risk-adjusted basis, in a relaxed manner.Suitable for those who either have little time/knowledge/de ...
Another Interest Rate Cut: How's Blackstone Secured Lending's Dividend Coverage?
Seeking Alpha· 2024-11-13 04:45
Blackstone Secured Lending (NYSE: BXSL ) is one of my favourites in the BDC space. For those unacquainted with the 'BDC' term, it stands for 'business development company' - an entity that fills in the financing gap for businesses struggling to acquire more traditional financing (e.g., bank orWelcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial fou ...
Sector Spotlight: Shopping Center REITs
Seeking Alpha· 2024-11-13 04:33
The November 6th announcement of Blackstone’s (BX) take-private acquisition of Retail Opportunity Investments Corp. (ROIC) reignited speculation that retail real estate has become a hotbed for M&A activity. Blackstone’s purchase of ROIC comes close on the heels of numerous failed acquisition attempts of Whitestone REIT (WSR), which followed previous successful combinations of Kimco Realty (KIM) with RPT properties and Urstadt Biddle (UBA) with Regency Centers (REG). The obvious question for REIT speculators ...
Blackstone(BX) - 2024 Q3 - Quarterly Report
2024-11-01 20:02
Table of Contents 20-8875684 (I.R.S. Employer Identification No.) 345 Park Avenue New York, New York 10154 (Address of principal executive offices)(Zip Code) (212) 583-5000 (Registrant's telephone number, including area code) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ...
Ladder Capital Vs. Blackstone Mortgage (Only 1 Winner)
Seeking Alpha· 2024-10-28 11:00
As I explain in REITs For Dummies, commercial mREITs did well in the early 1970s, however "interest rates rose in 1973, and demand for new developments came crashing down (and) the end results were not favorable for anyone, including the greedy, foolish banks…Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former he ...
Blackstone Mortgage Trust: 10% Yield For Risk-Seeking Investors
Seeking Alpha· 2024-10-26 04:53
A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BXMT either through stock ownership, options, or other derivatives. I wrote this ...